Sarf Project

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving to the topic, failures in the current financial infrastructure have led to an increase in the popularity of alternative banking / transaction systems. Services built on a decentralized network offer a faster and less expensive means of conducting transactions while providing better security as well.

For this reasons, I want to introduce you Sarf (XRF), a project designed with the purpose of helping people from all over the world to convert, send and receive digital currency quickly and safely. in the most appropriate manner without the participation of a central authority.

Definition

As I said, Sarf (https://sarf.io/) is a unique and safe exchange sample for global electronic commerce that believes that crypto-currencies have the potential to change the world. The idea is to be able to change the entire distribution of wealth and give access to unbanked people to the same type of financial services as everyone else. To do this, they are building products that allow people to do things that are not possible today. SARF expands Blockchain's current capabilities to adapt technology for business use and daily use and daily use.

GoalsThe main objective of Sarf is to help people from all over the world to convert, send and receive digital currencies in a fast and safe way without the participation of a central authority. The SARF project was developed to allow people to send and receive digital currency quickly and safely without the need to involve the central office.

Features

Feature

Description

Image

SARF Exchange

SWallet

Designed to store the tokens built on the Sarf Network. The SWallet will also allow a link between the stable Sarf tokens and the Sarf credit card, allowing users to finance their prepaid card to use it anywhere credit cards are accepted.

SARF Card

To use the SARF Crypto-currency card, as long as crypto-currencies are not accepted, a prepaid credit card is offered which can also be linked to SWallet.

Bounty program

The project gives the opportunity to earn Sarf Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Webpage here (https://bitcointalk.org/index.php?topic=4709743.0), where you can access the link in order to see what are the conditions to become an early XRF contributor and start acquiring tokens.

TokenomicsThe Sarf project will have a native cryptocurrency, called SRF, tokens called Stable Tokens, a currency exchange and a credit card. The Stable Tokens can be used as crypto-currency so you can buy and transfer money with them. The purpose of the exchange will be to allow users to exchange SRF and stable tokens for FIAT currencies and vice versa. The credit card will be connected to the Sarf wallet (called SWallet), and will allow users to pay for their purchases with their digital currencies.

Stable Tokens Facilitating Balanced Transactions

Currently, the number one issue preventing adoption of bitcoin and other Crypto Currencies looking to replace fiat come from the speculative nature of the Crypto economy. The value of Bitcoin, Litecoin, and other top currencies can fluctuate +- 20% within minutes. As a consumer, we want the ability to interface with businesses in the easiest way possible. Paying for a cup of coffee or a meal shouldn’t require a merchant to understand the many currencies Crypto holders want to pay in. Merchants shouldn’t have to worry about whether the money they made that day is now worth more or less by the end of the day.

Sarf as a means of tackling this issue we have decided to adopt a stable token system. Sarf can be converted to the fiat of your choice through the Sarf exchange and stored in your Sarf wallet. Through the use of our Sarf credit card you can then make purchases at your favorite businesses just as you would with your local fiat. Merchants accepting your payments no longer need to worry about whether that cup of coffee you just purchased is now worth 20% less or 20% more. Because all stable tokens are backed 100% in the Sarf vault, you will never have to worry about the devaluation of stable tokens.

We need to bring Crypto and Blockchain technology to the public in a way that allows them to easily process everyday transactions without the speculative worry. As a Sarf user you can exchange your Sarf tokens as needed through our platform and continue with your day like everyone else. Protect your investment with Sarf and let us be your store of value.

The Sarf Pre-ICO begins August 15 2018. Check out our website and great team at Sarf.io, join us in pushing Crypto to the next step. True adoption of Blockchain technology and Crypto Currencies is coming.